Spot gold jumped 0.6% to $1,408.23 an ounce, heading for a fifth straight session of gains. Gold costs hit $1,410.78 on Friday, their greatest considering that early September, 2013. Gold rates have risen almost 8% so far this month, and more than $70 just over the previous week. Holdings of the worlds largest gold-backed ETF, SPDR Gold Trust, jumped 4.6% on Friday from a day earlier, its greatest one-day portion gain given that September 2008. Here is a short article about Gold pinned near 6-year top. , if you want to check out the initial article you can find the link at the bottom of this article. The U.S. Federal Reserve and the European Central Bank last week hinted that […]

Gold pinned near 6-year top as investors boost safe-haven bids

June 3 (Reuters) – Gold costs rose on Monday to their greatest in more than 2 months, with investors looking for haven in safe-haven possessions as increased Sino-U.S. trade stress and Washingtons threat of tariffs on Mexico stired worries of a worldwide economic crisis. Here is a post about gold costs strikes 2-month high. , if you desire to read the initial post you can find the link at the end of this post. . BASICS Area gold was up 0.5% at $1,311.15 per ounce at 0153 GMT, after touching its greatest given that March 28 at $1,311.44. U.S. gold futures rose 0.4% to $1,314.40 an ounce.U.S. DATA AHEAD (GMT). 0750 France Markit Mfg PMI May0755 Germany Markit/BME Mfg PMI […]

Gold Hits 2-Month High As Recession Worries Drive Safe-Haven Demand

Gold tends to get when rate walking expectations decline since lower rates decrease the chance cost of holding non-yielding bullion. Lower rates of interest likewise tend to weigh on U.S. yields and the dollar, in which gold is priced. Gold prices hit a more than three-week high up on Monday on a weaker dollar, as a trade ceasefire in between the United States and China revived investor need for riskier assets. Here is a short article about Gold continue to shine in the middle of a weak dollar. , if you desire to read the initial short article you can find the link at the end of this post. We discovered this great post at If the Fed is […]

Gold scales over 3-week peak as dollar slips